Economic Buzz: Australia Retail Sales Down 0.4% On Month In December

Australia total value of retail sales was down a seasonally adjusted 0.4 percent on month in December, the Australian Bureau of Statistics said on Tuesday, following the 0.4 percent increase in November. For the fourth quarter of 2018, retail sales added 0.1 percent – also shy of expectations for a gain of 0.5 percent and down from 0.2 percent in the three months prior.